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ADB Launches Initiative to Help Asian Cities Tap Private Sector Finance, Meet Climate Resilience Goals | India Education | Latest Education News | Global Educational News


MANILA – The Asian Development Bank (ADB) has launched a new initiative to provide direct advisory support to help cities across Asia and the Pacific to meet their climate resilience goals while improving their infrastructure and urban services.

The Creating Investable Cities initiative, unveiled at the World Cities Summit in Singapore, will provide hands-on advisory support and capacity-building resources to 20 cities in Asia and the Pacific in the initial phase. The initiative will support these partner cities in mainstreaming climate resilience into their policies and projects, developing local resources mobilization strategies, and improve their access to private sector finance.

Urbanization is a powerful force in Asia and the Pacific and by 2030 the region will have nearly 200 cities each with more than a million people. Cities are the engines of global growth, generating 80% of GDP worldwide. But…

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